Uber shareholders voted against a proposal that would have required the ride-hailing company to fully disclose its direct and indirect lobbying activities and expenditures, according to a regulatory filing released Thursday.
The measure has been proposed and rejected by shareholders before. But this year’s results show a growing number of shareholders are keen to require full disclosure. About 45% of shareholders voted in favor of the measure as opposed to around 30% last year. Two-thirds of shareholders need to vote in favor for a proposal to be approved.
The uptick in votes in favor signals a win for advocates in what will surely be a years-long process to encourage companies like Uber to be more forthcoming in their spending.
The pro …
